CubeTree, a freemium enterprise collaboration suite and social networking platform has secured $8 million in Series B financing led by InterWest Partners with existing investor Trinity Ventures also participating in the round. The company, which launched in May of 2009, has raised nearly $12 million in funding from both InterWest Partners and Trinity Ventures, as well as investors, including Mitch Kapor, to date.
CubeTree says it will will use the capital raised to continue investing in product and market development. CubeTree’s enterprise collaboration suite looks like a cross between Facebook and FriendFeed and works like a social network. There are two main components to CubeTree: The Feed and the Profile. But on CubeTree’s feed, instead of seeing updates from everyone in your social graph, you see updates from coworkers. And on your profile page, rather than highlighting pictures or videos of yourself, there is an emphasis on information and documents.
The startup also offers enterprise collaboration tools like wikis, blogs and file sharing, which are integrated into the social network. CubeTree faces competition from Jive Software, Socialtext, and PBWorks, which just upgraded its platform to incorporate additional real-time functionality.
There is a startup company in Houston that has been doing this for the last couple of years named OpenTeams.
You can find out more about them at http://www.openteams.com
Interesting. They have an interface very similar to wave. Kurt have you tried their platform? Is it Ajax driven or static content driven?
A Facebook for your workplace?
I noticed CubeTree ads displayed at the end of this story when I read it, but I did not notice any disclaimer or declaration of interest that TechCrunch is being paid ad dollars by the company they are reporting on. How can you report fairly on companies that are your paying advertisers? And how can your readers trust your judgment when you don’t declare the conflict?
Congrats to Ross, Carlin, and the whole CubeTree team. Nice work, folks.
coagulation
Great work on the fundraising!
I’ll have to check it out. It seems like a good product
Man, enterprise software companies don’t get much comment on TechCrunch. Great product, great work guys.
Congrats on all the hard work and raising money in a tough market.